Belgium: Isolating Switch Market 2025

Isolating Switch Market Size in Belgium

In 2022, after two years of growth, there was significant decline in the Belgian isolating switch market, when its value decreased by -17.7% to $X. Over the period under review, consumption, however, showed a pronounced increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Isolating Switch Production in Belgium

In value terms, isolating switch production surged to $X in 2022 estimated in export price. In general, production recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,417% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Isolating Switch Exports

Exports from Belgium

Isolating switch exports from Belgium declined markedly to X units in 2022, shrinking by -19.7% compared with the previous year. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 283%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, isolating switch exports contracted dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 98% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X units) was the main destination for isolating switch exports from Belgium, accounting for a 40% share of total exports. Moreover, isolating switch exports to Egypt exceeded the volume sent to the second major destination, Poland (X units), twofold. Switzerland (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt totaled +69.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+53.9% per year) and Switzerland (-8.4% per year).

In value terms, the largest markets for isolating switch exported from Belgium were Poland ($X), Egypt ($X) and Switzerland ($X), with a combined 54% share of total exports. France, the United States, Denmark, Spain, Togo, the UK, Senegal, Canada, the Netherlands and Cote d'Ivoire lagged somewhat behind, together comprising a further 33%.

Canada, with a CAGR of +132.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average isolating switch export price amounted to $X per unit, reducing by -2.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports

Imports into Belgium

Isolating switch imports into Belgium shrank significantly to X units in 2022, declining by -19.6% compared with 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 49% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, isolating switch imports reduced remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2016 when imports increased by 131% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of isolating switch to Belgium, accounting for a 76% share of total imports. Moreover, isolating switch imports from France exceeded the figures recorded by the second-largest supplier, Hungary (X units), tenfold. Germany (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+6.2% per year) and Germany (+6.3% per year).

In value terms, the largest isolating switch suppliers to Belgium were France ($X), Hungary ($X) and Germany ($X), with a combined 85% share of total imports. Italy, Switzerland, Sweden and Denmark lagged somewhat behind, together accounting for a further 7%.

In terms of the main suppliers, Denmark, with a CAGR of +73.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average isolating switch import price amounted to $X per unit, which is down by -14.5% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isolating switch import price increased by +36.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 69% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+37.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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